We are planning on purchasing a condo in MA with a closing date in 1.5 months. We currently are in a lease

Asked by Amanda Schmidt, 02139 Mon Mar 16, 2009

that ends Aug. 31 so we will need to break that lease. What are the laws in MA about breaking a lease in order to purchase a home? Can we expect to pay a penalty to break the lease? Our landlord is very laid back and reasonable.

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Deb Nicholls, Agent, Concord, MA
Tue Mar 17, 2009
Amanda, let your landlord know that you are buying a home, and would like to move out in 2 months (Give yourself a couple of weeks overlap, in case the closing gets delayed for some reason.) He/she would most likely let you out of the lease if he is able to find a new tenant. You would want to keep the place looking really nice during that time (hard to do when you are packing, I know.)

Good luck with your new home.
Web Reference:  http://homes.deb.net
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Dallas Texas, Agent, Dallas, TN
Mon Mar 16, 2009
You are held by the executed lease agreement YES you could be sued. Keep in mind when you close on a home approx. 30 days after close date prior to making a mortgage payment.

We as realtors in this situation work with our renters determine if we can legal get you out a of a lease have all parties agree with an executed amendment many ways resolve these concerns.

Lynn911
~ National Featured Realtor and Consultant, Lecturer regarding Credit Repair, Mortgage Loan Officer
Web Reference:  http://www.lynn911.com
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Kevin Vitali, Agent, Tewksbury, MA
Mon Mar 16, 2009
Technically you are responsible for the lease. With that said will they sue you for the balance... maybe, maybe not. Sometimes there iare provisions in the lease for breaking the lease after certain time periods. You should reread your lease and see what it says.

Best thing to do is to talk to the landlord and reach some sort of compromise. Explain your position, but also realize you did sign a lease and he might be able to hold you responsible. I have fount most landlords will work with the tenant if they are honest, upfront and willing to compromise. Good luck!!
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